12276 Hwy 231st 431st N Meridianville, AL 35759-1206
- Drive through restaurants
- 3,010 SF
- 0.92 lot acres
Current Use by Public Records
- Drive through restaurants
Property Details for 12276 Hwy 231st 431st N
- Year built
- 2001
- Lot size
- 0.92 lot acres
- Property size
- 3,010 SF
- Property type
- Drive through restaurants
- APN
- 08-04-18-0-001-013.000
- APU
- 804180001013000
Description
This exceptional investment opportunity presents a 3,507 square foot Taco Bell/KFC restaurant located at 12276 Hwy 231 431 N, Meridianville, AL 35759. The property boasts a strong 6.50% cap rate and a substantial net operating income (NOI) of $197,847. The absolute triple-net (NNN) lease, with a remaining term of 10.1 years, features 2% annual rent bumps and multiple 4 and 5-year renewal options, ensuring long-term stability and predictable cash flow. Built in 2001 on a 0.92-acre lot, this drive-thru location benefits from high visibility on Interstate 431, experiencing over 26,513 cars daily. The property's tenant, FQSR, LLC, is the largest KFC franchisee in the U.S., providing exceptional lease security. Situated in a thriving area with an average household income exceeding $113,000, the property is conveniently located within a 20-minute drive of downtown Huntsville and the University of Alabama at Huntsville, guaranteeing a robust customer base. The asking price is $3,043,800, translating to a price per square foot of $867.92. This is a rare opportunity to acquire a high-performing, nationally branded QSR property with significant upside potential. The lease commenced December 10, 2014, and expires December 31, 2034. The property is currently 100% occupied.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Meridianville
- County
- Madison
- State
- Alabama
- Longitude
- -86.5706
- Latitude
- 34.8703
- CBSA code
- 26620
- CBSA name
- HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA
